Dec 16 (Reuters) – Alphabet unit Waymo is in talks with potential investors to raise money at a valuation of at least $100 billion, the Information reported on Tuesday, citing people familiar with the ride-hailing service provider’s plans.
The size of the financing round will at least be several billions of dollars, possibly even more than $10 billion, according to the Information.
The exact valuation has not yet been set, the report said, adding that the funding is expected to be arranged early next year.
Alphabet and Waymo did not immediately respond to Reuters requests for comments.
(Reporting by Juby Babu in Mexico City; Editing by Shinjini Ganguli)
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